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Recode Daily: Snap’s stock snaps back to an all-time low

Plus, Spotify promises more than $2 billion to the big music labels, and an AR robot is the Ms. Pac-Man champ.

A Snapchat-logo stuffed animal sits on the desk of a trader on the floor of the New York Stock Exchange on March 2, 2017.
Drew Angerer / Getty Images

Snap stock hit an all-time low on Thursday, closing at $17 per share — which was the company’s IPO price. The stock has dropped 30 percent in value since it closed at $24.48 on its first full day of trading in March. [Kurt Wagner/ Recode]

An Uber passenger who was raped by an Uber driver in India has sued the company for defamation, after it emerged that Uber executives had obtained her medical files. Filed in California, the lawsuit also names CEO Travis Kalanick, now-former SVP of business Emil Michael and Eric Alexander, the Uber executive who collected her personal records. The plaintiff wants a jury trial. [Johana Bhuiyan / Recode]

Spotify has guaranteed to pay the big music labels more than $2 billion over the next two years. The company has hit 140 million users worldwide, and revenue grew more than 50 percent last year, to $3.3 billion; once it re-signs with Sony and Warner Music Group, the new deals will give Spotify better royalty rates. [Peter Kafka / Recode]

CNN filed a lawsuit against the FBI in an attempt to compel the agency to turn over former director James Comeys memos about his talks with President Donald Trump. The network accused the agency of violating the federal Freedom of Information Act. [Gregory Wallace / CNN]

A D.C. court of appeals removed a roadblock that could have complicated Sinclair Broadcasts $3.9 billion acquisition of Tribune Media and its 42 stations; the deal would create the largest broadcast group, with more than 220 stations covering 72 percent of U.S. households. [Cynthia Littleton / Variety]

Facebook detailed its artificial intelligence strategies for combating terrorists who use the site to spread propaganda, recruit and share tactics. The process includes image matching, increased human intervention to flag posts and remove accounts, and cross-platform collaboration. [Sheera Frenkel / The New York Times]

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This is cool

Game over

A Microsoft-made artificial-intelligence robot achieved a perfect score of 999,990 points on the Atari 2600 version of the classic Ms. Pac-Man — making it very likely the first time anybody, human or robot, has “beaten” the game. [Matt Weinberger / Business Insider]


This article originally appeared on Recode.net.

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